Cardano’s Smart Contracts To Hit 3,000 And The IOG Team Posted A Video That Explains The Essence Of EVM Sidechain On Cardano
Taking from 12th July, The total number of smart contracts that are based on Plutus, a smart contracts platform that is controlled by Cardano, has reached a new level of 2,900, placing within 100 smart contracts of reaching the 3,000 mark according to Cardano blockchain insight.
It is good to know that the development has been surfacing since September 2021 upgrades which include the provision of the capability for smart contracts.
The update allowed Cardano to provide a DeFi application platform and programmability to the developer community. On July 7th, the IOHK founder, Charles Hoskinson revealed in a tweet that the network has taken the required precautions to secure that smart contracts are compatible with the updates, hence, the need for re-writing.
Ethereum Virtual Machine
More also the IOHK tweeted about the new Ethereum Virtual machine (EVM) sidechain, which allows the running of solidity applications without sacrificing reliability or decentralization.
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More also, it allows the use of Cardano’s proof-of-stake consensus algorithm to ensure that growth is sustainable technologically and environmentally.
According to the Twitter page released on June 30th, Cardano Blockchain Insight, the Project Catalyst Fund 7 has been concluded, which is the reason the important data collated by Cardano Enthusiasts can be inspected.
Important data like the one that allows seeing how many projects were financed and the number of votes collated and cast. From the data, 269 projects got funding in the course of the 7th round.
Hard Fork On The Mainnet Soon
Recall the promise of the IOHK team during the postponement of the Vasil Hard Fork Launch in June, which was due to the outstanding bugs and necessary tests that must be run on the upgrade before its launch on the mainnet. As stated by the IOHK team, the postponement was mandatory to prevent the integrity of the Cardano community.
A few days ago, the proposal was submitted and this is a pointer to the Hard Fork release. It is good to know that presently, Vasil Hard Fork is now on the testnet waiting for its release on the mainnet which was slated to go live in the later part of July.
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